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Philadelphia’s Economic Development Corporation
 
 
 
 

History

Beginning in 1958 as a non-profit joint venture between the City of Philadelphia and the Greater Philadelphia Chamber of Commerce, PIDC has spent the past 58 years investing nearly $14 billion in Philadelphia, supporting $25 billion of total project costs.

PIDC currently manages a diverse loan portfolio and brings decades of experience and a wealth of knowledge to structuring real estate and financing transactions that attract investment and create and retain jobs in the City of Philadelphia.